Define the term "competitive banking system". distinguish between gross rates and net rate

As Ranking Democrat of the Banking Committee since 1998, Rep. LaFalce became the point man for the Clinton Administration on all financial economic issues, and consistently demonstrated his leadership by initiating, advocating and securing the enactment of numerous laws designed to increase consumer protection; expand housing and community development; increase competition to provide consumers the widest range of financial services at the lowest cost; ensure the safety, soundness and competitive strength of the banking system; and improve the efficacy and fairness of international development programs. His leadership role was enlarged further in 2001, at the beginning of the 107th Congress, when the House Banking Committee became the House Financial Services Committee, with expanded jurisdiction that encompassed all three pillars of the U.S. financial system: banking, securities, and insurance. Since that change, Rep. LaFalce has played the key leadership role in developing and enacting new regulatory oversight and increased investor protections in the securities area, to restore market confidence after the corporate abuses revealed by Enron, Global Crossing, WorldCom and others.

Define the term %26quot;competitive banking system%26quot;. distinguish between gross rates and net rates.?mortgage lenders

okay competitive banking, is those banks who share similar interest rates... okay say wells fargo and bank of america need to increase customers, they set thier interest rates the same, or less to increase customers. They also secure larger government loans by lowering the interest rates. Gross rates are those that they ask for, like 3.9% is the gross rate, the whole amount they ask for, now factor in carring costs, and bank fees, and the interest rate looks for like 4.2% that is the %26quot;net rate%26quot;